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1984 (2) TMI 110 - AT - Income TaxExtract: ....... cannot hold that they were in the nature of any capital asset belonging to the assessee as defined in section 2(14) of the Act. Consequently, the question of transfer of any capital asset resulting in any loss to the assessee also does not arise. We, therefore, confirm the disallowance of Rs. 18,993 also. 8. In the result, the appeal is dismissed.
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